Investments Announcements: Buyandship, Peak3, and Amartha secure funds; Gensparks, an AI search startup, receives investment from Lanchi Ventures; seven deals in China reported, plus more financing news
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In the bustling tech landscape of Asia, multiple companies have recently secured significant funding to fuel their growth and innovation. Here's a round-up of some of the most noteworthy investments that have taken place:
Peak3 Raises USD 35 Million in Series A Funding
Peak3, a digital and cloud solutions provider for the insurance industry, has successfully closed a Series A funding round, raising USD 35 million. The round was led by EQT, with participation from Alpha JWC Ventures. The extension was also backed by Altara Ventures, KSK Angels, and Venture University. Peak3 plans to use the funds to accelerate its expansion in the EMEA region and invest in complementary data and AI solutions.
ST Telemedia Global Data Centres Secures USD 1.3 Billion Investment
Singapore-based ST Telemedia Global Data Centres (STT GDC) has received a substantial USD 1.3 billion investment from a consortium led by KKR and Singtel. The investment includes an initial USD 1.3 billion via redeemable preference shares (RPS) with detachable warrants, with the potential for an additional USD 920 million upon full exercise of the warrants.
Amartha Secures USD 17.5 Million for Microfinance Fintech Platform
Jakarta-based Amartha, a microfinance fintech platform, has secured USD 17.5 million in equity investment from the Accion Digital Transformation Fund. The funds will help Amartha expand its platform, providing financial products and services to underserved women-led small businesses in rural Indonesia.
HPMicro Secures Nearly RMB 100 Million in Funding
HPMicro, a high-performance microcontroller manufacturer, has completed a new funding round, raising a sum totaling nearly RMB 100 million.
Genspark Raises USD 60 Million for AI Search Startup
Genspark, an artificial intelligence search startup, has raised USD 60 million in an oversized seed funding round led by Singapore-based Lanchi Ventures.
Zolwise Secures Over RMB 100 Million in Series B+ and B++ Funding
Shanghai-based Zolwise, a provider of minimally invasive surgical imaging equipment, has raised over RMB 100 million (USD 13.8 million) in Series B+ and B++ funding rounds.
Buyandship Raises USD 6 Million for Series B Extension
Hong Kong-based cross-border e-commerce enabler Buyandship has raised USD 6 million in an extension to its Series B round. The funds raised will be used to enhance the user journey in product search and purchase, expand into new markets in Southeast Asia, and further automate operations. The total amount raised by Buyandship at Series B level is now USD 16 million.
Nota AI Secures USD 19.9 Million in Series C Funding
South Korean startup Nota AI, specializing in AI optimization and lightweighting technology, has raised USD 19.9 million in a Series C funding round.
LD Carbon Raises USD 28 Million in Series C Funding
Seoul-based LD Carbon, a producer of recovered carbon black, has raised USD 28 million in a Series C funding round.
LeeKr Technology Secures Over RMB 1 Billion in Series C Funding
Hangzhou-based LeeKr Technology, an intelligent chassis systems provider, has secured over RMB 1 billion (USD 138 million) in a Series C funding round.
SPOE Completes Angel Funding Round
Shanghai-registered SPOE, a developer of optoelectronic products, has completed its angel funding round, exclusively backed by China Fortune-Tech Capital.
BioGeometry Secures Funding for Generative AI Foundation Models
BioGeometry, a developer of generative artificial intelligence foundation models for protein design, has completed a new funding round. The investors include The Jiangmen, Zhipu AI, and Peakview Capital, among others.
ChainGen Bio Secures Exclusive Investment from Zhangke Hemiao Fund
ChainGen Bio (CGB) has completed a new funding round exclusively invested by the first phase of Zhangke Hemiao Fund.
Round-Up
These investments highlight the vibrant tech ecosystem in Asia, with companies in various sectors securing substantial funding to drive innovation and growth. As these companies continue to develop and expand, we can expect to see exciting advancements in the tech industry across the region.
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